Good Long Term Stocks
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Good Long Term Stocks - 4/16/2008 6:32:39 PM
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pallidamors
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So as some of you may know I am selling my stock holdings in GE and Pepsico in order to provide the downpayment for my townhouse. ASAP I want to begin reinvesting 400 a month or so. Should I just repurchase what I had or would you recommend something else? I'm 23 and in it for the long haul, but I also have an IRA that I fund regulary so thats out of the question. I want something I can get my hands on if I absolutely must.
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RE: Good Long Term Stocks - 4/16/2008 6:39:03 PM
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KTownGT
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LUV, SIGA, KG, MNKD, XMOA, QQQQ, and CC if you are feeling adventerous.
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RE: Good Long Term Stocks - 4/16/2008 7:14:53 PM
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Duntov
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F
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RE: Good Long Term Stocks - 4/17/2008 6:34:41 AM
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BAMFstang
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Joined: 5/21/2006
From: Flint, Michigan
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I'd say a safe bet is investing in oil companies.
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RE: Good Long Term Stocks - 4/17/2008 6:49:40 AM
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GidyupGo
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From: Colorado
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Chevron. Around $90 a share. I have been making about $25 a day on a meger 100 share purchase. One day, I made $75 last week. CVX FTW!
< Message edited by GidyupGo -- 4/17/2008 6:51:34 AM >
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RE: Good Long Term Stocks - 4/17/2008 7:12:42 AM
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1987MustangGT5.0
Posts: 138
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quote:
ORIGINAL: KTownGT
LUV, SIGA, KG, MNKD, XMOA, QQQQ, and CC if you are feeling adventerous.
Southwest is a good company, but any airline stock is pretty risky. One plane goes down and you can pretty much forget about it. There's actually a saying about airline investments: how do you get 20 million dollars? Start with 40 million and buy an airline.
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RE: Good Long Term Stocks - 4/17/2008 9:38:06 AM
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KTownGT
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Eh, I am a little biased because my dad is a Captain down at Southwest.
I look not at what might happen, but what is. Southwest is one of the few airlines still making money, the union doesn't have a problem with the current state of things, the right amendment is going byebye, the company officers actually know how to do their job. They also don't give themselves million dollar bonuses and screw over thousands of customers by being late or canceling flights. Hell, the pilots at southwest just got another 4% payraise a few months ago!
The stock is a little low now, so buy up what you can.
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RE: Good Long Term Stocks - 4/17/2008 9:43:33 AM
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redass02gt
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GE sounds like a good long-term investment. they are so diversified in so many markets that they are practically their own mutual fund.
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RE: Good Long Term Stocks - 4/17/2008 9:50:31 AM
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1987MustangGT5.0
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quote:
ORIGINAL: KTownGT
Eh, I am a little biased because my dad is a Captain down at Southwest.
I look not at what might happen, but what is. Southwest is one of the few airlines still making money, the union doesn't have a problem with the current state of things, the right amendment is going byebye, the company officers actually know how to do their job. They also don't give themselves million dollar bonuses and screw over thousands of customers by being late or canceling flights. Hell, the pilots at southwest just got another 4% payraise a few months ago!
The stock is a little low now, so buy up what you can.
I agree it's a super well-run company...just a risky stock that's all. 
Plus with the price of gas still going up, no matter how well managed the company, those planes still drink an obscene amount of fuel. That probably accounts for a lower stock price right now as the market would be factoring that in. I believe fuel is their second largest single expense after labour.
If you're 23 or whatever the OP is and probably doesn't have a ton of extra cash, an airline is not a good investment for him IMO.
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RE: Good Long Term Stocks - 4/17/2008 9:54:23 AM
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redass02gt
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profits are shrinking in the airline business, and there is no real room for growth. a lot of business is being done via electronic meetings and things like that instead of through travelling.
I think he should have some risk, as he is young and can afford to lose a little bit of money here and there, but airlines just don't seem like an industry I would want to touch with a ten foot pole (aka my weeeeener)
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RE: Good Long Term Stocks - 4/17/2008 10:06:10 AM
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KTownGT
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Eh, Jet Blue and Southwest have been picking up the slack of all the other airlines that are shrinking... Aka American, Delta(by far), Northwest, United, those three smaller airlines that just went bankrupt recently, etc.
Google search Southwest buying oil futures. Whenever the price of gas goes up, then the profit on their oil futures also goes up. So, it is like they lock in the price of gas. Southwest is basically buying ~90% of their gas at $51 a barrel rather than $115 that the other guys have to buy.
If the OP doesn't want to risk being in the airline business, generic pharmaceuticals would probably be the best un-tapped market. I think the big oil stocks are all but running on vapors and are too expensive for most people under 40... I mean, how much higher can you build the illustrious card house that is oil without it collapsing? Or buy waffles, tasty tasty waffles.
GG 1987
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RE: Good Long Term Stocks - 4/17/2008 10:24:50 AM
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1987MustangGT5.0
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Their hedging helped them a lot in the past, but I don't know that their futures contracts are that great now. Maybe I'm wrong...haven't looked at them in a while.
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RE: Good Long Term Stocks - 4/17/2008 10:30:31 AM
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KTownGT
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Just checked with my dad(see texting in school isn't a always bad thing), he said, "there is still plenty of gas left in the tank." Guessing that is a bad pun or something.
When there is gas that southwest buys for more, they charge a little more per ticket. They are buying a barrel for $51 right now, it will obviously creep up slowly over time, I think SW raised airfares like $4 last I heard.
But I see where you are coming from, I would never think of owning an Airline or a Electronics retailer. Both are for the most part terrible markets.
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RE: Good Long Term Stocks - 4/17/2008 10:52:18 AM
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GidyupGo
Posts: 3348
Joined: 4/30/2007
From: Colorado
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quote:
ORIGINAL: KTownGT
Eh, Jet Blue and Southwest have been picking up the slack of all the other airlines that are shrinking... Aka American, Delta(by far), Northwest, United, those three smaller airlines that just went bankrupt recently, etc.
Google search Southwest buying oil futures. Whenever the price of gas goes up, then the profit on their oil futures also goes up. So, it is like they lock in the price of gas. Southwest is basically buying ~90% of their gas at $51 a barrel rather than $115 that the other guys have to buy.
If the OP doesn't want to risk being in the airline business, generic pharmaceuticals would probably be the best un-tapped market. I think the big oil stocks are all but running on vapors and are too expensive for most people under 40... I mean, how much higher can you build the illustrious card house that is oil without it collapsing? Or buy waffles, tasty tasty waffles.
GG 1987
Big investments spark big returns. I don't see $8500 as a big investment, and I don't see the "house of cards" tumbling anytime soon. Oil will continue to go up. You can bank on it.
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2007 GT Coupe Premium Windveil Blue, 3.31, Auto, 18" Fanblades, Interior Upgrade, Active Anti-Theft, Side Bags, Leather, K&N Drop-in, Splash Guards, 14" Antenna, Rolled Tips, Born on date...3/07
Official cousin of the VOICE of PBR
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